Daily Margin Interest Accrued
2 definitions

The daily margin interest accrued is based on the previous business day's margin balance and refers to interest applicable for that day.

When the previous business day is a Friday or the day preceding a market holiday, interest is accrued forward. As such, in a typical week, the number shown on Saturday morning will account for interest accrued for Friday, Saturday, and Sunday.

FK Reading Ease
40.5

FK Grade Level
College
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  • The daily margin interest accrued is based on the previous business day's margin balance and refers to interest applicable for that day.

    When the previous business day is a Friday or the day preceding a market holiday, interest is accrued forward. As  such, in a typical week, the number shown on Saturday  morning will account for interest accrued for Friday, Saturday, and Sunday.

    FK Reading Ease
    40.5

    FK Grade Level
    College
  • Flag